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The new K-shaped economy splits the rich from the ultra-rich: The top 0.1% averages more than $200 million—and is pulling away from the rest of the 1%

FortuneOctober 7, 20263 min read

The top 0.1%'s wealth has more than doubled since 2019, compared with 68% growth for the rest of the top 1%, according to Federal Reserve data

Rich Americans are getting richer, but not all equally. The K-shaped split that let high earners pull away from low earners now cuts through the top 1% too, with the ultra-rich far ahead of the rest. The average household in the top 0.1% is now worth about $204 million, or 7.7 times as much as one in the rest of the top 1%, according to a Fortune…

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